215# Stochastic MTF Scalping

Submit by Maximo Trader 20/05/2012 (written by Juku
Buluaeng)

Time Frame 15min

Currency pairs:any

1. clock-Indicator BE shows the time remaining before the opening of the next bar.
2. the indicator Stochastic Crossing (14, 5, 5, 3, 1) – shows the intersection of lines of Stochastic Oscillator in the chart
price.

3. Indicator Pivots
Daily1-finds the Pivot levels that you can use as
a possible exit point.
4. Indicator Sessions – has the opportunity to show the best shopping areas.
5. Indicator MarketPrice-W1-displays the price, uses an average price spread, and the number of points from the opening price.
6. Indicator (HMA –a trend indicator.
7.StochasticOscillator (14, 5, 5), apply the
Linear weighted is used to find the entry point, together with Williams ’ Percent Rage –.
8. Indicator Williams ’ Percent Rage (9) – set in one window (1) with the Stochastic Oscillator (14, 5,
5).

The only exception is on the Williams’
Percent Range. At times when the price moves
fast, the WPR will be slightly below -90, and this situation is acceptable in the setup that is generated.

This image shows two sell trades starting at the red vertical lines that I have
placed on the chart. In both entries, you can see the M15Stoch Crossing signal (in dark orange) indicate a downward
direction. The HMA4 (crimson) is also in the downward direction in both instances, just like the Stoch Crossing above it.

In both sell entries, you will notice that the Williams’ Percent Range Indicator (WPR) is right above the -90 line. When the WPR dipped below the -90 line, I had to wait for it
to go back above the -90 line.

Given the above setup conditions, I entered at the opening price of the next bar.
I placed the stop loss 40 pips above the entry price. Later on, I exited the trades as soon as the WPR and the M15
Stochastic came to the oversold zone (below -90).

the WPR will be slightly above -10, but this
is acceptable in the setup that is generated

The image above shows two buy trade examples. Here, you can see that just before
or along the red vertical lines, the M15 Stoch Crossing signal is pointing upward and in lime color. The HMA4 is also in the same direction as the Stoch Crossing below it and is now dodgerblue in
color. The minimum of 3 (three) MTF Stochastic Oscillators have crossed and indicate an upward trend. Here, you’ll notice that they are in the M15, M30, and H4 time frames.

The Williams’ Percent Range Indicator is below the -10 line in both
instances.

I then entered a buy position at the closing price of the bar along the red
vertical line since all conditions above have been met.

You do not see the stop loss but it should be placed 40 pips below the entry
price.

I exited the trade because the WPR and the M15 Stochastic crossed into the
overbought area (above the -10 level).